Exide Technologies (Nasdaq: XIDE) dropped in mid-day trading on Thursday. Reports from Los Angeles say the city counsel expressed fury about recent arsenic emission from a batter-recycle plant in Vernon, which could pose a danger to 110,000 residents. Attorneys in L.A. are looking into possible legal action.

Update: Reports from Debtwire say traditional refinancing efforts stalled, citing people familiar with the matter. The company will now seek alternative restructuring.